In many countries and for many years, private house purchases have proved to be the most successful financial investment most individuals are likely to make. Even so, as hundreds of thousands of owners can attest, the standard wealth warning - please remember that past performance is not a guide to future performance - also applies.
Amongst the many interesting theories studied by those who attempt to predict future trends, is one involving the effect of the ease - not just the cost - of borrowing on property prices.